Wellman Inc. closes South Carolina PET fiber plant
RicAn...@aol.com
Sept. 27 -- Wellman Inc. is closing its PET fiber plant in
Johnsonville, S.C., in an attempt to improve its financial
performance.
Paul S Cantrell
http://www.thestate.com/mld/thestate/business/15614685.htm
I also found this:
http://www.wastenews.com/headlines2.html?id=1159388391
Sept. 27 -- Wellman Inc. is closing its PET fiber plant in Johnsonville, S.C., in an attempt to improve its financial performance.
Shrewsbury, N.J.-based Wellman also plans to sell its material recycling division, which converts post-consumer PET bottles to flake in Johnsonville. A sale of the firm´s European PET resin and fiber assets in Emmen, Netherlands, and Mullagh, Ireland, also is possible.
Wellman´s fiber production will be consolidated into its plant in Florence, S.C., officials said in a Sept. 26 news release. The closing will eliminate about 350 jobs, although some jobs could be transferred to the Johnsonville site, Wellman investor relations officer Michael Bermish said in a phone interview.
The closing is expected to be complete by the end of the year, Bermish said. Wellman will continue to operate a plant in Johnsonville that makes compounds based on recycled nylon. That plant employs about 200.
Thanks,
Paul
Charleston, SC
He's the kind of a guy who lights up a room just by flicking a switch
The genius of you Americans is that you never make clear-cut stupid moves, only complicated stupid moves which make us wonder at the possibility that there may be something to them which we are missing. - Gamal Abdel Nasser